Word: forgo
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...powerful influence for stability in the Middle East, and is becoming the closest and most helpful ally of the U.S. among the Arab nations. Economically, the Saudis demonstrated their clout last week by forcing the majority of the 13 members of the Organization of Petroleum Exporting Countries to forgo a scheduled 5% hike in oil prices. In December the Saudis split OPEC by refusing to go along with its decision to raise prices by 10% on Jan. 1 and another 5% on July 1; instead, the Saudis and their allies in the United Arab Emirates posted only one 5% raise...
...rift, but so far without success. The latest attempt was made by President Carlos Andres Perez of Venezuela. In a fast-paced tour of the Middle East, Perez sought to persuade his warring OPEC colleagues to accept a compromise. His proposal was presumably along these lines: the Eleven would forgo the 5% price increase scheduled to go into effect in July; in return, so the speculation goes, the Saudis and Emirates would allow their prices to rise, gradually closing the 10% differential...
...benefit them. I believe they are seeking greater stability in the long run, and the comprehensive U.S. proposal will lead to that end. Our proposal also begins for the first time to get a handle on the problem of qualitative improvements. [The U.S. package would require both sides to forgo certain systems that are now in the planning stage.] Rather than letting the cruise missile run free, our proposal would put a limit on the range, and that's something that should interest the Soviets. I think the Soviets recognize that we really have to make real cuts...
Lance has had to forgo one activity: stepping out with Wife LaBelle into Washington society from their elegant rented house in Georgetown. They get plenty of invitations, from the Averell Harrimans, the Smith Bagleys and other social heavyweights. But Lance has been unable to get away much and shows up only for state functions that he cannot avoid. Laments LaBelle: "We haven't had one party yet. Bert's just been so busy with that budget...
...places hit hardest by the Big Freeze discover when they open their latest statement from the local utility. Frank Joseph, editor of a Washington oil trade journal, saw his January bill more than double, to $161. Chicagoan Louisa McPharlin shelled out $328 for oil heating and had to forgo other expenditures, "like decorating the house." Roger Young, a 31-year-old New York City securities analyst, got a $320 January bill from Consolidated Edison for his six-bedroom Westchester home, even though he used less gas and electricity than a year...